Pakistan sees record one-day COVID-19 deaths, government consider stricter lockdowns
April 28, 2021, 9:05 am

Pakistan sees record one-day COVID-19 deaths, government consider stricter lockdowns

An elderly resident sits in a waiting area after receiving a dose of the coronavirus disease (COVID-19) vaccine, at a vaccination center in Karachi, Pakistan April 1, 2021. (File photo: Reuters)

Pakistan recorded more than two hundred COVID-19 deaths in a day for the first time since the start of the pandemic on Tuesday, as the government said it was considering stricter lockdowns.

A total of 201 new deaths were recorded on Tuesday, bringing the country’s overall death toll from the virus to 17,530, according to the National Command Operation Center (NCOC), which oversees the government’s pandemic response. The previous highest daily death count was 157 recorded on April 23.

A total of 5,292 new cases were reported on Tuesday, bringing the total cases to 810,231 in the country of more than 220 million people.

The national positivity ratio, the number of infections among those tested, was 10.8 percent. The death rate, the number of infections resulting in fatalities, hit the highest point since the start of the pandemic, reaching around 2.2 percent.

Only around two million vaccinations have been administered in Pakistan, and the country has struggled to procure supplies to cover enough of its population.

Officials have said health care facilities are at risk of being overwhelmed. Pakistan has very limited health resources, with ventilators and oxygen in short supply.

Around 6,286 COVID-19 patients were being treated in 631 hospitals on Tuesday, and more than 70 percent of ventilators and oxygenated beds were occupied in hospitals in many major cities, according to the NCOC.

On Monday, Pakistani army troops were deployed in 16 major cities with high positivity rates, to assist civilian law enforcement in enforcing measures meant to curb the spread of the coronavirus, including the wearing of masks in public and the closing of non-essential businesses after 6pm.

Stricter measures were taken in a handful of cities with the highest positivity rates this week, and on Tuesday Health Minister Faisal Sultan warned such steps could be extended to other areas if the public did not heed advice on social distancing, wearing masks, and other precautionary measures, especially during the holy Islamic month of Ramadan with the upcoming Eid holiday next month.

“Please keep your Ramadan and Eid simple this year, so we can fight this disease and get through this difficult situation,” Sultan said.

The southern province of Sindh announced intercity transportation will be halted starting April 30, and remain in place through May 17, just after the Eid holiday.

source: Reuters

Image source: Reuters

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.